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Establishes the New York workforce stabilization act; requires certain businesses to conduct artificial intelligence impact assessments on the application and use of such artificial intelligence and to submit such impact assessments to the department of labor prior to the implementation of the…
The New York Workforce Stabilization Act mandates AI impact assessments and imposes a 2% surcharge on certain corporations meeting specific criteria using AI or data mining.
If you operate a business with over 50 employees using AI, you must conduct impact assessments by [date] or face a 2% surcharge on business income.
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What This Means
The New York Workforce Stabilization Act introduces significant requirements for businesses utilizing artificial intelligence. It mandates that these businesses conduct impact assessments and submit them to the Department of Labor. Additionally, a 2% surcharge is imposed on certain corporations based on their business income base if they use AI or data mining and have a greater than threshold number of employees displaced by AI.
Key Provisions
- Requires AI impact assessments before implementation.
- Submissions of assessments must be made to the Department of Labor.
- Imposes a 2% surcharge on certain corporations using AI or data mining with a threshold number of employees displaced by AI.
- Defines data mining within the context of the bill.
Latest Legislative Action
REFERRED TO LABOR
Bill Sponsors (showing 5 of 13)
| Name | Role |
|---|---|
| HOYLMAN | Primary |
| JORDAN | Primary |
| Michelle Hinchey D | Primary |
| AKSHAR | Cosponsor |
| COMRIE | Cosponsor |
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